8. College Coasters has not yet recorded $200 of office expenses incurred in December on account 9. The company estimates that the equipment depreciates at a rate of $10 per month. One month of depreciation needs to be recorded. 10. Wages for the period from December 23-31 are $100 and will be paid on January 1 11. The $600 of Prepaid Rent relates to a six-month period ending on May 31 of next year 12. The company incurred $789 of income tax but has made no tax payments this year 13. No shrinkage or damage was discovered when the inventory was counted on December 31 14. The company did not declare dividends and there were no transactions involving common stock General ournal GeneralTrial Balance Statement Statement Balance Sheet Analysits General Journal tab Prepare the journal entries to record the transactions (1) through (14). Review the accounts as shown in the General Ledger and Trial Balance tabs. General Ledger tab- Each journal entry is posted automatically to the general ledger. Use the drop-down button to view the unadjusted, adjusted, or post-closing balances in the General Ledger Trial Balance tab-You may view either the unadjusted, adjusted, or post-closing trial balance by choosing from the drop- down Income Statement tab-Use the drop-down to select the accounts properly included on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account based on your selection. Balance Sheet tab- Use the drop-down to select the accounts to properly included on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Analysis tab- Calculate to one decimal place the inventory turnover ratio and days to sell in 'Analysis Tab. General Journal > References eBook &Resources